"The BC economy is surging," said BCREA economist Brendon Ogmundson. "The economic climate in the province is, and is expected to remain, very conducive to rising commercial real estate activity over the next year."
The growing economy is pointing to demand across the commercial sector particularly for industrial and retail.
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Commercial real estate in British Columbia is showing growth amid a strengthening economy in the province. The BC Real Estate Association’s Commercial Leading Indicator edged higher in the first three months of 2016 to reach 120.8, higher than the previous record set a year earlier.